The consultation closed on 10 October 2022, with a response from the government expected in the winter. It forms the first step in the REMA programme, with a range of options being considered at this stage and a view to narrow these down, developing and determining what reforms are needed through engagement with the energy industry in 2022-23. From the mid-2020s, the government plans to and establish a full delivery plan and oversee implementation in time to meet the commitment of having a fully decarbonised power sector by 2035.
The government confirmed that while this programme runs, all existing schemes such as the CfD and Capacity Market will continue.
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Our experts at Cornwall Insight are here to help you understand and navigate REMA. Find out more about what services we offer.